Formal shoes give a complete look to the formal outfits. It has been observed that nice appearance and clean shoes always leave a good impression, especially in formal events. Men formal shoe also known as dress shoe is one of the important part of office's wears. Variety of options in formal shoes is available in the market for different occasions like meetings, sports, casual events, and others. Formal shoes have also been categorized in different styles such as Derby, brogue, moccasin, boots, loafers and others. These shoes give a nice and formal look to the attire.

The rise in the disposable income of the consumers has encouraged people to buy more quality products that add more value to their living standards. People all over the world tend to prefer something that is trendy and provide them with an ongoing fashion statement. Formal shoes are one of the most trending things in corporate wears. People prefer shoes that are formal and also match to their fashion requirement.

The desires to live the better life and fashion consciousness have contributed in the growing demand of men formal shoes. Hence, it would ultimately contribute to the growth of men formal shoe market. The Men Formal Shoes Market has been segmented on the basis of shoe type, leather type, and Country. Based on Shoe Type, the market is segmented into Derby, Loafers, Oxfords, Boots, and Others.

Based on Leather Type, the market is segmented into Patent leather, Top grain, Pebble & full grain, and Suede leather. Based on Country, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia-Pacific. The key players operating in the men formal shoe market are Kering, Cole Haan, Burberry Group Plc, LVMH, Prada S.P.A., PVH (Calvin Klein, Inc.), Hugo Boss AG, and C &J. Clark International Ltd.